Ji Hyun Kim
While certain restrictions make China’s REITs less favourable to those of Hong Kong and Singapore, they allow sponsors to recycle capital and retain control of the underlying assets.
The deal, should it go through, would allow the French asset manager to expand into infrastructure and increase its presence in North America.
The debt investment marks AMP Capital's first in Taiwan and supports the construction of Formosa 2, a 376MW offshore wind project.
Korean investors will seek to increase allocations to alternatives, including infra, three LPs say, though they expect activity to pick up in Q3 at the earliest.
The final contract is set to be signed around November, with the new private sector owners due to start operating the airport on 1 July 2021.
The Japanese vehicle has acquired three solar plants on Japan’s northernmost island, with its local focus in line with the country’s ‘regional economy creation’ policy.
China will account for 42 percent of new capacity, driven by a surge in solar power projects, but Western Europe will be the ‘regional outperformer’ in terms of utilisation, Fitch Solutions says.
The acquisition of the five operational assets, which have a total capacity of 317MWp, marks the US firm’s second investment in the country.
The fund, which is targeting roughly double that amount, will have a dual-currency structure of Chinese renminbi and US dollars.
The developer, which the infra fund manager grew from scratch to more than 400MW, is building the world’s largest floating solar platform in Taiwan.